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enough, now critical ports across the u.s. could be brought to a standstill starting this weekend. we'll explain how a looming union worker strike could sink businesses across the united states. >>> the major sports leagues do a touchdown dance after a federal judge's ruling. their lawsuit to spike sports gambling in new jersey get as crucial green light but new jersey isn't taking it sitting down. details how that state is fighting back and preparing to give vegas a run for its money. even when they say it's not, it's always about money adam: thank you for joining us. we want to look first at the day's market headlines. stocks slid for the 30 straight session. mediocre holiday seas and deadlock over fiscal cliff gave investors little to get excited about. the dow fell 24 points. the so-called fear index or the vix, soaring more than 4%. fiscal cliff concerns pushed the index to the highest level since july. one bright spot though was on the housing fnt. the monthly case-shiller report found october home prices rose 4.3% mpared with a year earlier. the data giving a late sign of recov
pushing blue-chips into triple-digit gains. right now the dow is up 113 points. >>> workers at the ports of los angeles and long beach are back at work today of an eight-day strike crippled one of the nation's busiest ports. the announcement came from the mayor of los angeles who joined federal negotiators to negotiate a deal between the employees and portfolio managerment. mayor villaraigosa will be a guest on fox business. >>> elizabeth murdoch died, mother of rupert murdoch. she was considered one of australia's most generous philanthropists donating money to more than 100 charities. dame elizabeth murdoch was 100 years old. that is the latest from the fox business network, giving you the power to prosper. lori: as republicans and democrats continue the back and forth over the fiscal cliff one thing they're already losing is the confidence the american people. look at this. just four in 10 americans believe washington will reach a deal by year's end to avert the fiscal cliff but nearly half do not think they will. that is according to this new poll released by the pew research center.
at the port of los angeles that stranded all of those christmas presents, it costs us about a billion dollars a day in lost business and shut down the nation's busiest port and stranded ships full of fabulous retail merchandise. all of that is now being unloaded. port officials now say it will take about a week to try to get back to normal. sounds like things are solved. i'm joined by the mayor of los angeles, antonio villaraigosa who helped broker the deal to get the port workers back on the job. i want to talk about the port in just a moment. first i want to talk about pressing national business. something called the fiscal cliff, which i know you have been watching. you're very closely aligned with president obama having been the chair of the democratic national convention in september. i want to get your take on this. this is critical to your state. businesses in your state. taxpayers in your state. do you have any optimism that we may not go off the cliff? >> i do have optimism. there's no question about it. i think both sides understand that it's not in the nation's best interest for us
of the busiest ports in the country now. a line of ships stacked with stuff, stuff that can't get on shore into, trucks and off to your store. it's a strike. and it's costing the united states billions. what's it all about? that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. [ male announcer ] break from the holiday stress. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. at chevy's year-end event, we have 11 vehicles that offer an epa-estimated 30 mpg highway or better. yeah? hey. hey. where's your suit? oh, it's casual friday. oh. [ male announcer ] chevy's giving more. now get a 2013 malibu ls for around $199 pe
racing ashore in the prefecture of miyagi, hitting the port of -- port city of ishinomaki. so far there are no reports of major injuries or damage. authorities lifted their warning and advisories two hours after the quake hit. this tremor struck in early evening as people were heading home from work or getting ready to sit down for dinner. people in tokyo also felt it. buildings in the japanese capital swayed for a couple of minutes. >>> we'll be back with more news in 30 minutes. i'm gene otani in tokyo.
the port of -- port city of ishinomaki. so far there are no reports of major injuries or damage. authorities lifted their warning and advisories two hours after the quake hit. this tremor struck in early evening as people were heading home from work or getting ready to sit down for dinner. people in tokyo also felt it. buildings in the japanese capital swayed for a couple of minutes. >>> we'll be back with more news in 30 minutes. i'm gene otani in tokyo.
load or unload cargo at any of the ports, l.a. or long beach. adam houseley's there live. what's the latest there, any movement in. >> reporter: not much movement at all. a few ships are getting through. the quote given to me this morning was they're trickling in. i'll step away, you can see to the port complex. l.a./long beach, the twin bolters. 40% of all cargo traffic in the country comes through here, the largest port complex in the country. you put the two together, you separate 'em out, and they're one and two. cargo ships just sitting there waiting to be unloaded. we know of at least 11 ships that have gone to other ports because this port has been shut down for a week. as far away as panama. nothing's getting through here, as i mentioned, one port employee said stuff is just trickling through. bill: what are the two sides saying, adam? what are you hearing? >> reporter: well, both sides, of course, blame the other side. the clerical workers are the ones that have gone on strike here. there's about 800 of them. they say that when they retire, those jobs are being moved o
this on their own without some help. the only port they have, they have one port, which is sanctioned in terms of the sea travel in and out of the port and any part for the missiles would have come through china which is north korea's only friend and, then, the voice of america reported this week that an iranian team had been seen in north korea in recent days and there is some presumption that, in fact, iranians may have helped them. this is the first successful long-range rocket this year. earlier in april it was not successful. certainly, all eyes are on iran in weres of the role it my have played. >>shepard: thank you. we have used a carrot and stick approach with north korea over the years. it doesn't really seem to have made were of a difference. we will look at the diplomatic efforts with the former away bill richardson who has lots of experience dealing with north korea. and 100 countries throwing their support behind the syrian rebels . so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they'r
on sunday between labor union shipping at ports from boston to houston, could be halted. insiders say a deal looks like a long shot. right now over 14,000 workers are threatening to strike at 14 major ports. you see them go all along the south and east coast. not only will a strike cause billions of dollars a day, it will force shipping costs to rise. things will be delayed coming in. right now the union is fighting for workers to be paid per shipping container, which comes out to a salary of $124,000 per year for each worker. >>> mother nature adding insult to injury to people still trying to recover from super storm sandy. many in sea bright, new jersey, was devastated down there, say this week's nor'easter was like being kicked while down. one homeowner picked what she could salvage from sandy in a container. she sadly discovered it flooded. >> i don't know what to do about that. i'll have to -- first of all, get it out and get it someplace and dry it out. >> juliet: i drove down there three weeks ago, i could not believe what i saw. about 150 out of the 300 people who live there stayed.
. they failed to register with the authorities, but the workers say they cannot afford it. from this port town, which got reports. >> living in crushing policy committee living in crushing poverty with no prospect of work -- living in crushing pov erty, she has left. >> today that dream is over. >> she works at a fish cannery south of bangkok, making $270 a month. she paid off her debt to the one who ranger job, but had to take out -- who arranged her job. now there is the possibility should be deported. she could not afford the fees to have the application process done, and it has been extended six times. according to the author of a study on migrant workers in thailand, now that it is being held -- >> there will be open season on migrants. everyone of these deadlines, the way the policy works, who is accompanied by a crackdown. >> it usually comes with payoffs to the police. but the thailand government says this time will be different. the labor minister says there is corruption but when the new administration will limit the opportunity for extortion. >> i cannot tell you 100 percent that it
have been the first port call by the self-defense force vessels. myanmar wanted to prevent a strong reaction from china. informed sources say two japanese mine sweepers were due to stop at myanmar's largest city but it was called off at myanmar's request. relations between japan and china remain tense. japan owns the islands, both china and taiwan claim them. myanmar has made other moves out of the consideration for china despite the criticism from the west in november. police in the country cracked down on demonstrations against a copper mine operated by a chinese firm and a firm linked to the military. over 70 protesters were injured and forged close relations with china during the military rule when western countries imposed economic sanctions on the country in the past two decades, investment from china has totalled $14 billion. >>> as china increases its economic and military clout, asean countries are pressed to come up with policies that combine hard and soft approaches to the neighbor. geothermal power is attracting global attention. the philippines is taking advantage of th
's supporting and the port city of alexandria where the supporters of president morsi are clashing with opponents and thousands of his supporters taking part in nationwide rallies. and they're organized by the muslim brotherhood has taken charge and steve harrigan is there and streaming live for us from cairo right now. steve? >> it's really two different sets of demonstrations going on. there's the group behind me at tahrir square and those are people against president morsi, but today for the first time we've seen a much larger group, mainly supported by the muslim brotherhood and they're coming in in support of president morsi and that group is a mile and a half from where i'm standing, a lot of men, people carrying-- and strong show of support port those, and he pushed through a draft constitution on friday and the next move is likely a referendum within two week's time and mr. morsi says once those are adopted those took on by himself will be void. whether that will be enough for the morsi protesters behind me? the numbers are down from past days. back to you in new york. >> j
29 of the panel's recommendations. dozens of protesters turned out of the new jersey port to picket a container ship from bangladesh carrying goods for the retail giant walmart. the demonstration was after the factory fire in bangladesh that killed more than 110 workers. the factory have been used to make walmart apparel and the company allegedly played a role in blocking the improvement of safety conditions there. homeland security and port police blocked the demonstrators from approaching the ship as it unloaded its cargo. the action came as the bangladeshi government recommended criminal charges against the tazreen factory's owner for "unpardonable negligence >> leading up to the fire coming up, we will look at the situation in mexico with david barstow. a new study is predicting a current trends hold fatalities caused by guns in the u.s. will likely exceed those caused by traffic incidents for the first time by 2015. according to bloomberg news, while motor vehicle deaths dropped 22% from 2005 to 2010, firearm deaths are now on the rise from a low point in 2000. based on a 10-ye
get to your calls. this is the lead story in the "l.a. times" class morning. port strike part of a bigger fight. the eight-day strike that crippled one of the world's busiest ports reflected a clash that is playing out across the global shipping industry as ports and their unionized work forces gird for an era of briskly expanding foreign trade. the strike that shut down the ports of los angeles and long beach paralleled the generational skirmishes that have ripped through factory shops. cargo companies and ports want to cut costs and automate operations to compete with aggressive rivals in canada and south america. that is pitting them against unions, which are struggling to reserve high-paying jobs for the middle-class members. it was resolved late tuesday, according to this article. here is the front page of the press." feet frefree state says detroit out of time to fix its fiscal mess. falling revenues and rising expenses. the state of michigan delivered an abrupt ultimatum to the city wednesday. move quickly toward reform, or an emergency financial manager will be reporte
't unload because there's a labor strike going on at the ports of los angeles and long beach and that strike has been going on eight days. joining us is miguel marquez. this thing is costing the u.s. economy about $1 billion. is wr? >> reporter: well, what's wrong the clerical union, folks striking there behind me, blocked several terminals here at ports of los angeles and long beach. it is a massive operation here nearly ahalf trillion in goods come through every year, it's huge. 40 ship affected. several and berthed here. several turned away. others awaiting in the ocean. we understand there is a press conference with the mayor, dramatic negotiations finally going on on this. they hadn't been talking for some type. mayor villaraigosa coming in from overseas trip last night, 10:30, 11:00 pacific time, went straight to negotiations not far from here. he's been there all night long on their backs and he's doing a press conference in 25 minutes or so. that probably means there is a deal at hand. >> a billion dollars a day, i hope they're bringing out all of the stops at this point. if you're o
. few look on a map, the red sea leads to israel's southern port of ilat. from ilat israel can reach the ports of asia and africa. and once you close -- sealed off the straits, they're about a mile and a half wide, israel was effectively block kaeuded from the sea. that was an act of war under international law. it's a reason for going to war. nasser did not want the u.n. forces to be moved because he knew once they were removed, he as an egyptian would not be able to sit there and watch israeli boats pass by. he would have to blockade the straits again and that could cause a war. he sent instructions to his officers who were to meet with the heads of unef telling them we want to you move back from the border but stay in sharmelshef and stay in gaza. amir changed the orders. he wanted to regain glory he lost in the 1956 war. he changed the orders. we know this for fact. we have the protocol from the meeting. egyptians who came to the u.n. forces in sinai said we need you to turn out entirely. at the same time, amir sent egyptian paratroopers to occupy the region. once he did that --
issues as they relate particularly to our ports, because she is known for her work with the port of long beach and i have ports in my district as well. and will be missed on the women's softball team. we are friends here. we are colleagues here. we bring our human qualities. and we bring our leadership skills. and the california delegation makes me proud every day and in the next congress, it will be the memories and the service that has been given to us from these colleagues of ours. and that's why i thank you, mr. miller, for setting aside this hour for us to share our thoughts. >> i saw that andrew and hunter are here. the stark kids. i would like to yield to congresswoman barbara lee. ms. lee: thank you very much. and i want to thank you, congressman miller, for organizing this special order tonight. first to congressman pete stark, who is our departing dean of the california delegation, congressman stark represents a district right next door to my district in the east bay of california, northern california. i just have to say, i have known congressman stark since i was the president
to sit down with congressional leaders with port parties today. they want to get something done quickly now before the end of the year. the president returned to washington from hawaii. can he lead both parties to a fiscal cliff work around. democrats have been dragging feet on this for months. they don't want to be pressured into a bad deal that doesn't come down to the nation books. >> any time you announce a meeting publicly in washington it's usually for political purposes. nothing good ever comes from it. one thing you have to do with politics if the president meets with a foreign leader you want to make sewer you know what is happening at the meeting. if the president calls congressional leader to the white house it's all political theater or they have a deal. my bet it's all political theater. >> they blame house republicans since john boehner hasn't been able to get them a deal to raise taxes. the name calling is getting ugly. >> american people don't understand the house of representative is operating without the house of representatives. it is being operated with a dictatorshi
it happened and what the coast guard is doing to get it safely back to port. uma: we are following some disturbing developments out of iran. the country's navy is reportedly test firing a range of weapons including torpedoes and missiles near the strategic strait of hormuz, a vital passageway for 1/5 of the world's oil supplies. joining us to the discuss the possible ramifications, aaron david miller, a former advisor to six secretaries of state and vice president of the woodrow wilson center. great to have you here today. >> great to be here, uma. uma: how concerned are you by the recent actions of by iran regarding this test firing going on by the straits of hormuz? >> happy new year, and by the way this is really the mullahs way of extending a happy new year to the administration as well. these are aer is series of six-day integrated exercises to demonstrate and show that the iranians can take care of their own business and defend their coastline and if necessary, if necessary, put up an offensive deterrent capacity in the event they're struck by the united states and israel. i think
con. he called it -- lincoln. he called it land improvements. he meant ports and railroads at the time. public infrastructure is always the public's responsibility. so the question is never whether or not you're going to do it, you have to do it. the question is when does it make most sense? i would submit to you that it makes most sense today. why? because money is as cheap as it's ever going to be. every municipal government throughout this country borrows money by issuing debt bonds to underwrite the cost of building new frals. we -- infrastructure. we could be borrowing money today for about 1%. labor is cheap, equipment is cheap, because both are idling. and we clearly need the infrastructure investment. final thought on this? transportation for america, a not-for-profit organization, identifies 69,000 structurally deficient bridges in this nation. there's over 2,000 structurally deficient bridges in my state of new york. and in western new york we have 99 structurally deficient bridges. every second of every day seven cars drive on a bridge that is structurally deficient. we saw
water port on the east coast. we are planning to take full advantage of the panama canal, the changes there coming soon. which gives us the ability to bring commerce into virginia. we are aggressively building our rail system. going from the port of virginia west to try to get that traffic out west. we are -- just announced that we are building another highway. it will be a toll access highway. but one of the primary purposes of that highway is to bring truck traffic from the port of virginia inland. and connect it directly with interstate 95. and so that will help us again through the commerce side of the equation to bring in new commerce and the commonwealth of virginia. i'm going to mention something that's been a little bit taboo as of late. the governor is not ashamed of it as all. as a matter of fact we've taken full advantage of it. and it was discussed earlier, that's incentives to business. the governor has put significant additional resources into our virginia economic development partnership. both funds that he has at his disposal to incentivize and encourage business to co
does not. so buy not make every effort to come to some port of solution or negotiation that is reasonable with somebody that it least seems to be a more willing partner than hamas which arguably is gaining great strength in the region. >> we have trieded, for four years, this government and previous governments have tried, with the fatah and with mr. abu mazen in twooi2008 received the generous offer from the prime minister, and he just refused it and didn't have the decency to have a counter offerer. when net tanyahu came into offi and tried to negotiate for peace, the palestinians again didn't come to the table and found for pretexts to attack us both politically and legally. this is not the way to move forward. >> that is israel's deputy minister of foreign affairs. well, they're real life heroes, people like this one, who helps poor people around the world. we'll get you ready for tonight's hero awards. >>> and this proves you should never, ever get up, a dog and his owner reunited after seven years apart. two years ago, the people of bp made a commitment to the gul
terrorists who breached the compound in benghazi within just minutes. we have the full port here tonight straight ahead. among the guests, former u.s. ambassador to the united nation, john bolten, judith mill eric and ed qlien. we begin with the close door ie on benghazi that lawmakers say raises more questions than ever that the obama administration insisted the attack was the response of a demonstration prompted by rage over an anti-islam video. fox news correspondent with the latest on what lawmakers saw and heard today from the country's top intelligence ficials. >> the closed classified briefing brought together seen your state department, intelligence, and counterterrorism officials for a report on e three-month old investigion into the benghazi terrorist attacks. >> to the degree there was planning involv, something done over days, weeks, or over hours? no indication of long term planning here. >> the attacks cnology was laid oillet in a multimedia presentation with drone surveillance and video from the consulate of the cia and annex. >> this is supposed to be sovereign u.s. terri
, but at the same time, i've had so much port from my family, my friends, my educational background. i think it's a culmination of a bunch of different things that all i can do is just thank god that i'm here. >> i believe you still have hooks for your hands, but are you going to be moving towards getting you know, a real hand replacement, a prosthetic? >> i hope so. i've been doing a lot of research and there's really, really cool stuff on the market. there is an electric hand that i'm interested in. it can produce several different grasps, almost mick mimics a real hand. so i'm definitely interested in getting that. right now, however, what i'm most interested in is getting out of the wheelchair because that does restrict a lot of my mobility. what i'm focused on now is actually making a left leg. and doing the first mold of my first leg and be able to walk again is going to be fantastic and once that leg is is completed, my next priority will be getting some better functioning hands. >> what you had to overcome is is so -- relearn everything. things people wouldn't even learn about doing. wh
neutral, they they have been he. they have a port, for some reason, i'm not sure why, place such great importance on their window on the mediterranean. and i've not seen any situation where vladimir putin has been of assistance to us. we pass add bill today with the reversal of an amendment that puts penalties and severe spents on people who abuse human rights in russia and vladimir is not going to be happy will this legislation. >> i noticed back in july you warned everybody that this would happen. you called our foreign policy feckless. will the world had blood on its hands, everybody, if he unleashes the chemical weapons and we see tens of thousands of people dead or is this something we just can't police the world and we are going to have to stand by and watch this. >> i think we would be directly responsible. all of those who argued against intervention warned us that if we intervene, these terrible things would happen, well, we didn't intervene, and all these terrible things, the consequences have been huge. as we sat by and watched these 40,000 people massacred. so it was very c
against u.s. soil. it's israel's problem. but when you will find an atomic, makes the case with the port of san diego, it will become your problem. i do think it should be a joint effort of western society, meaning the u.s., israel, canada, australia will have only with leadership decisions in washington. >> that's not going to have been. >> the u.s. is israel's only fan. people are pretty disgusted with the kind of undemocratic behavior going on there. >> if you show me a stronger democracy in the middle east for a stronger ally of the united states in the region, i will agree with you. but i beg to differ because the cheapest aircraft today at the united states in the middle east is in that region. we are in the frontline presenting the same value in same principles. you'll find the source is coming to shores. >> thank you. >> you know, i share your concerns about iran. i worry about it all the time. i think it's real. but growing up jewish, and learned that being jewish also meant caring about the stranger from the bible or the people of king david, but also people of the profits. wha
the information that surrounded the special mission there, there was some 200 ports leading up to it that talked about this security situation deteriorating, and they knew it, and so the folks there at the special mission were asking for help and asking for higher security. we know that tripoli asked. the report said they didn't ask hard enough. it's really not their responsibility. so what happened was they had all this information, and they processed it through the state department, and that leadership just failed to note the security around that -- around the ambassador when he traveled to benghazi, and a security of the special mission. not that they had to have it as a standard mission security status because it was a temporary facility, but the physical security part of it was just so wrong to fit the security threat that it resulted in the death of four americans. >> should we stop relying on local militias? there's security cam video showing that the libyan militias got in their pickup truck and ran at the first shot that was fired. >> well, i argue whose ever decision it was to hire the
last year. striking care for workers at the port of los angeles and long beach have reached a tentative agreement after an eight-day walkout. workers went on strike last week against international corporations who they say are outsourcing good paying jobs. the strike cost southern california a reported $8 billion in lost economic activity and marked the worst disruption of local cargo traffic in a decade. this is democracy now!, democracynow.org, the war and peace report. i'm amy goodman. high level talks are continuing here at the united nations climate summit in doha, qatar. just before we went to air, a coalition could in solidarity with the philippines following yesterday's deadly typhoon that killed at least 270 people. for years, scientists have warned climate change would cause strong typhoons in the region. on tuesday, un secretary general ban ki moon warned that extreme weather is the new normal. >> danger signs are all around. one-third of the world's population lives in countries with moderate to high water stress. land degradation affects 1.5 billion people. icecaps are show
was on the west virginia during the attack. >> i felt six torpedoes hit the port side of the ship. >> it also included a wreath laying ceremony to pay tribute to those who were killed. >>> the beakon on top of mount diablo was lit to remember the attacks, the light turned on at sunset and stayed lit until dawn this morning. it was turned off december 8th 1941 the day after the attack so it would not be a guide for enemy planes. now it's lit once a year to honor those who died. >> some hopeful east bay homebuyers will have the chance to take advantage of a five million dollar pot of money. it's parts of a settlement over fair lending claims. the program happening at the oakland convention center is called city lift and only applies to nine city and alameda. >> we are going to provide 20,000-dollar grant to them. 0% rate as long as they stay in the home for five-years, that $20,000 is forgiven. >> i knew i couldn't afford that much as far as a down payment so i'm excited because it helps me out. >> one of the restrictions you must buy a home with in 60 days, the it runs today from ten to s
on iran. 94 to 0 vote. lawmakers banned all business with iran's energy, port, shipping, and ship building sectors. it's part of the ongoing u.s. effort to push iran to abandon its nuclear efforts. haven't worked. today iran's ambassador to the international atomic energy agency warned that any attack on its nuclear facilities could spark iran to kick out the inspectors and withdraw from the nonproliferation treaty. meantime, a senior iranian cleric today claimed that the recent war between israel and hamas in gaza was a direct victory for iran. hamas militants in gaza fired hundreds of rockets into israel. including iranian made if a jerry five mills that tel aviv. hamas leaders have publicly thanked iran for its assistance. secretary of state clinton is working to chart a path forward for the israelis and palestinians one day after the voted to recognize the nonmember state. secretary clinton meeting with officials including the israeli defense minister and palestinian prime minister. the white house says only face-to-face negotiations will lead to a lasting peace. meantime just after th
to graduate college and a port smart kid. that is telling you enormous waste of human potential. there are millions, tens of millions of young americans who could be doing great things for themselves and the rest of us who do because we have such an unequal society are being denied that chance. >> equality of opportunity where we are performing the worst of any -- >> the notion that divorce in quality results from quality of opportunity, when the results are so unequal it turns into equality of opportunity as well. >> in the joint venture with the theological seminary, taking off the first, discussing in the book, continuing that and filming-at economics.org and asking the question, an invitation to the next session. in nation of identity. question on this side. >> when i look at the last decade i see $5 trillion in debt run up by the georgia. administration. this $10 trillion seems to be a legacy with the strong involvement of fiscal pump running and yet we have a legacy of economic problems that our sovereign debt is gdp, this is the point at which at least in europe investors
of our nation's busiest ports, the clerical workers union of los angeles claims that they've been working without a contract and now they want a new deal and that's not all. they want a guarantee their jobs won't be outsourced. the dock workers crossing the picket lines in a show of solidarity. the economic impact of this strike, a billion dollars a day as ships scramble to find new places to unload their goods. a total of ten of the 14 terminals are shut down and the bigger problems, new concern ships could avoid southern california altogether and simply go look for a newport to do business with. now, we hear both sides are starting to talk in hopes of reaching a deal soon. we're learning families who had to leave their homes will have to city out a few more days following a train derailment. looking into whether a signal problem is to blame at that crossing. this is the scene we showed you last night with seven cars tipped over in southern new jersey on friday. the accident causing a hazardous chemical to spew into the air and water there because it went into a creek and it sent dozens
is america's top producing fishing port and sea scallops-- another species vulnerable to acidification-- makes up 77% of their production. >> shell fishing is really a way of life for many of those families and much of that community and taking that away kind of further homogenizes our country. we could see changes in the demographics of the community as working families move away and look for other opportunities. >> sreenivasan: sarah cooley studies the socio-economic impacts of altered oceans at woods hole oceanographic institution in massachusetts. she and other researchers project acidification could reduce u.s. shellfish harvests by as much as 25% over the next 50 years. >> we'll look back and say oh things used to be like this and i hope that's not the case. i hope we can actually preserve those pockets of individuality in the country that make it so great by finding these regional solutions can help out different regions to preserve their ways of life. >> what we are looking at is probably on the order of tens to hundreds of millions of dollars just related to the shellfish fish
in port cities, that will offer the answer to chinese people's yearnings for freedom. in that sense, everything chambers wrote about communism and its failures is quite applicable, i think. the tougher question, or a tougher question, is the relevance of what he wrote to our struggle today with islamism. here, the other side relies on faith, and our side, especially in europe, seems to rely on materialism. this was a struggle of the human soul, chambers wrote, but we often seem to believe that the answer to islamism is simply more employment opportunities for saudi youth. we're, this a sense, in a position that we criticize the chinese leadership for having, but even here on the islamic question, chambers had interesting things to say. he wrote, quote, "the difference between liberalism and communism was in degree only." this question arose in the previous panel. continuing" they put faith in man rather than god and shared a common world view." there is a lesson here. chambers held we could not fight communism, bask with its near relation, liberalism. if 4e were alive, i think he wo
, again moving at the nation's biggest shopping complex as the ports of los angeles and long beach. this day long huddle led to a tentative deal today to end this eight-day strike by harbor clerks, who feared their jobs would be outsourced. >> really pleased to tell all of you that my 10,000 long shore workers in the ports of l.a. and long beach will start moving cargo on the ships. >> the deal won't be final until union members actually vote on it. >>> and 11,000 jobs are vanishing at citigroup. that's about 4% of the company's workforce. all these job cuts are part of this plan to cut costs at the financial giant, which nearly collapsed during the 2008 financial crisis. they are expected to save $900 million next year. and more than $1 billion a year after that. this is the first huge move by michael corbett who became citigroup's ceo when vikram pandit resigned. >>> we're getting word actually now that reza sayah, our correspondent in cairo, he called in, we're hearing masked men have set fire to an office headquarters in the muslim brotherhood. stand by for that. that's next. a
in the iranian economy, with energy and shipbuilding and shipping and the ports, this amendment that would shut down businesses that are involved in sectors which fund the proliferation activities of iran, of that regime is crucial. in addition, the amendment is going to prohibit business with all designated persons connected to the iranian government. it bans trades in commodities used in these key sectors. it's designed to stop iran from busting sanctions by receiving payment in the gold or using oil payments in local currency then to buy gold. and we've got to stop an effort to water down these sanctions. i say that because i remember the votes in the past. i, i remember our effort on the central bank. it was only because we got the unanimous votes frankly, that we got so much support, that we were able to deploy those, but let me add that there is another portion of the amendment here that targets the regime for their human rights abuses. and i think one of the areas where we really have been short, for those of you who have talked, those of you who have been in the prisons there, that expe
their opposition to morsi's move to greatly expand his personal powers. and in the port city of alexandria, the president supporters taking to the streets for a rally organized by the muslim brotherhood, clashing with opponents there. steve harrigan is streaming live from cairo. what's the latest? >> both sides really trying to get their supporters out on the streets to show the level of public support, both pro and anti-morsi groups have. the anti-morsi protesters really come up short today, 25,000 at their peak behind me in that rear square. two miles away, perrot-government protesters numbering about 200,000, just here in cairo alone. but also in other cities in egypt as well. many of these egyptians from the rural areas bussed in, many carrying korans as well, shouting god is the law. so a real strong show of force for morsi supporters. morsi is also announced this constitution that will go to a he referendum. this draft constitution he pushed through in one night will be voted on in two weeks, on december 15. morsi vowed once that constitution is in place, the extreme powers he gave h
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